Open innovation funnel model showing idea development

The most progressive idea a human being ever had was to step out of his/her comfort zone and opt for something unconventional. Because of this, man was able to unlock the hidden mysteries of the planet and the outside. Even his stay on earth has become so convenient. The credit, of course, is due to his innovations and crazy ideas that have bridged distances, condensed time, and everything is available at the flick of a facial muscle (sir Stephen Hawkings will agree to that.)

 In the simplest to the most complex projects that humans have undertaken, there has been an innovation funnel model involved.

An innovation funnel is the passage from ideation to approval, especially one that requires teamwork, a decent budget, and regulatory approval in many cases. Once the ideas pass the feasibility and viability checks, among others, these will be developed further. In such cases, project managers or ideators need to familiarize themselves with the exact steps that converge in the project kick-starting. An open innovation funnel model, is a specific filtration technique that involves assessing ideas from sources that are external to an organization.

Generally the R&D and CRM departments will be responsible for fetching ideas that will be then subjected to discussion, evaluation, and approval, before being worked upon and refined further. To demonstrate the detailed process step-by-step to your project team, this funnel diagram can be deployed right away. This content-ready PPT Template is ideal for project managers and is also readily customizable. Lead your team through the filtration process that ideas will be subjected to before the best ones are accepted and approved for implementation. More about this PPT Layout is discussed below.

Template 1: Open Innovation Funnel Model Showing Idea Development

Demonstrate the journey of ideas maturing into execution with this funnel model.Identify the primary 5 Es of this open innovation funnel model namely: Envision, Engage, Evolve, Evaluate, and Execute. Further bifurcate these five Es into 8 sections that will direct the process of strategizing programs for idea generation to kick-starting approved ideas. Icons and infographics will enhance the understanding of this process and this is your sign to use this presentation design.

Here’s another creative presentation framework to implement a purposeful ideal development process by designing an effective architecture for it.

Process Feedback From Your Most Important Audience

Set a standard process of filtering suggestions from clients, partners, and stakeholders to implement the most profitable ones for your business. Use this PPT Framework to pilot those endeavors of entertaining feedback, keeping your important audience satisfied.

PS: Create a guided process of brainstorming and ideation for your staff to vent their creativity while working in a team with this PPT Presentation.